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How to Settle Debt with Johnson Mark LLC in 5 Steps

Patrick Austin, J.D. | November 14, 2024

Patrick Austin
Attorney from George Mason
Patrick Austin, JD

Patrick Austin is a licensed attorney with a background in data privacy and information security law. Patrick received his law degree at George Mason University's Antonin Scalia Law School, where he served as the Editor-in-Chief for the National Security Law Journal.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: To settle debt with Johnson Mark LLC, be prepared to request verification of the debt, make a reasonable opening settlement offer, expect counteroffers, and memorialize your agreement in writing. SoloSettle can help you verify your debt, respond to legal challenges, and complete the negotiation process to get you out of debt.

If you are receiving multiple phone calls and letters from Johnson Mark LLC about an unpaid debt, then you may be feeling anxious and overwhelmed. Do not fret. There are options and pathways to amicably resolve your debt and move on with your life. One such option to consider is negotiating a debt settlement with Johnson Mark (also known as JM Law).

Below, we explain how Johnson Mark LLC operates and five steps you can take to settle debt with this debt law firm.

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What is Johnson Mark LLC?

Johnson Mark, LLC is a Utah-based law firm specializing in debt collection. JM Law routinely represents financial institutions, lending companies, and medical facilities that are seeking to recover on unpaid debts. According to the Johnson Mark LLC website, the firm works with creditor clients in Arizona, Colorado, Hawaii, Idaho, Oregon, Texas, and Utah.

The Salt Lake City debt collector regularly files debt collection lawsuits on behalf of its creditor clients, typically when the original creditors have attempted their own collection efforts.

Contact Johnson Mark LLC

Feel ready to contact John Mark LLC attorney to negotiate a settlement? Use the contact information from the Johnson Mark LLC website below:

How to respond to Johnson Mark LLC

The frequent phone calls and letters from Johnson Mark LLC may be annoying and frustrating, but do not ignore them. If a debt collection law firm like Johnson Mark LLC is contacting you, it is likely because they are attempting to collect a debt on behalf of a creditor.

Ignoring debt collectors has the potential to make matters worse. For example, ignoring their phone calls and letters will likely result in you having to confront a debt collection lawsuit or, if a case has already been filed, may result in a default judgment against you. This is why it may be easier to try and negotiate with Johnson Mark LLC collectors. Their objective is to try and collect on an unpaid balance. If you offer a negotiated payoff amount (which will be a percentage of the full amount), there is a good chance the attorneys will accept a reduced amount.

Remember, Johnson Mark LLC represents creditors, collection agencies, and other financial institutions, so ultimately they have to follow the guidelines these institutions have set when it comes to negotiating and settling debt. With that in mind, take a look at five steps we’ve identified to help you settle with Johnson Mark LLC below.

Settle your debt with Johnson Mark LLC with these five steps

Ignoring phone calls or letters from Johnson Law LLC won't make the debt go away. The best course of action is to respond promptly and communicate with them. Most debt collection attorneys want to settle the debt without resorting to legal action, as filing a lawsuit is often a last resort. Engaging in communication may open the door to potential settlement options and avoid the hassle of going to court.

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Make an Offer

Here are five steps you should take to negotiate a settlement with Johnson Mark LLC.

Step 1: Verify your debt

Before you negotiate, however, be sure that the debt is valid. If you suspect any part of the debt claim is incorrect, contact Johnson Mark LLC and ask them to validate it. If you find any discrepancies, submit a written dispute to ensure they verify the details. A debt validation can also give you some extra time to evaluate your financial situation and plan your negotiation strategy.

For example, you may ask for the following information:

  • The name of the original creditor.
  • The amount owed.
  • Any payment history and the date of the last payment.
  • Any information that links you to the debt.

Once you receive a debt validation letter from Johnson Mark, you can proceed with the settlement negotiation process.

Step 2: Make a fair offer to settle the debt

Once you’ve confirmed that the debt is valid, Determine how much you can afford to pay off in a lump-sum payment. Start with an offer that's less than what you’re willing to pay, giving you room to negotiate upwards, but one that is still reasonable. Teach out to the attorney that is assigned to your case to make an offer to settle the debt.

Overall, aim to settle for around 30-60% of the total debt, depending on your financial situation. Though, if the debt is extremely old or sold to a debt purchaser, it may be possible to negotiate a settlement of around 10-30% percent of the amount owed.

For example, if you are being sued by a bank for $8,000 and offer to settle for $100, then Johnson Mark Law probably won’t take you seriously. On the other hand, making an initial offer of $4,000 will likely catch the law firm’s attention and get them to engage in a meaningful discussion and negotiation process that could result in a win-win settlement for all parties involved.

Step 3: Expect a counteroffer

Do not be shocked if Johnson Mark LLC declines your initial settlement offer. This is normal and to be expected. Johnson Mark LLC will likely respond with a counteroffer, which you can either accept or reject. The overarching objective is to open up the channels of communication so you can, hopefully, reach an amicable resolution.

If this process sounds intimidating, you can leverage technology to make the process smoother and easier. SoloSettle is an innovative platform that empowers you to submit offers, receive counteroffers, and negotiate a lower settlement.

Step 4: Memorialize the settlement agreement

If you are able to reach an amicable resolution with Johnson Mark LLC, it is essential to get the debt settlement agreement in writing. Do not rely on a verbal phone call with a representative from the debt collection law firm. Before you agree to anything, make sure the terms are memorialized in writing and clearly set forth what you are agreeing to pay and, in exchange, what actions will be taken by Johnson Mark LLC.

Step 5: Pay the negotiated settlement

Once you have a settlement agreement in writing, the final step is to pay the negotiated amount. In many instances, debt collection law firms will be open to having you pay a single lump-sum payment. If, on the other hand, the debt is sizable, they may be open to having you make monthly payments.

Deciding whether to make a lump-sum payment or make monthly payments is extremely important to figure out before engaging in settlement negotiations. You need to have a strategy in place that aligns with your budget. This is where SoloSettle can help. SoloSettle works to facilitate the payment process so that you can have peace of mind that your debt has actually been resolved.

Use SoloSettle to settle and pay off your debt with Johnson Mark LLC.

These steps are vetted by a former debt collection lawyer, Yale Levy, who recently shared some inside information on how to settle debts with creditors and collectors alike. Check out Yale’s expert insights in the video below:

Key Takeaways

Johnson Law LLC, like many collection attorneys, prefers settling debts rather than going through lengthy court processes. By taking a proactive, professional approach and communicating effectively, you can often resolve your debt for a fraction of the original amount. Here are some key takeaways from this article:

  • Verify the Debt: Ensure the debt is valid before negotiating by asking for details like the original creditor and payment history.
  • Make a Reasonable Offer: Start with an offer lower than what you can afford, aiming for 30-60% of the debt. Adjust based on the debt's age and ownership.
  • Negotiate and Get Terms in Writing: Expect a counteroffer and continue negotiating. Ensure any settlement agreement is in writing before making payments.
  • Pay off the debt as agreed: Pay the negotiated amount as agreed, either in a lump sum or installments. Consider using a platform like SoloSettle for a smoother process.

If you are feeling overwhelmed and frustrated with frequent phone calls and threatening letters from Johnson Mark LLC, then now is the time to be proactive and consider options that could help end the firm’s debt collection pursuits. An option worth considering is attempting to negotiate a debt settlement with Johnson Mark LLC.

Engaging in negotiations can help establish a productive channel of communication (in an effort to avoid the matter escalating to litigation) and could wind up saving you money by achieving a negotiated settlement for a reduced amount. If you need assistance or guidance on the negotiation process, consider using SoloSettle.

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